Business Plan Proposal

Medical account and Claims
Sims
HCA 311
Ms. Carter
May 29, 2011

Table of Contents
* Executive Summary
* serve and Equipment Description
* Organizational Plan
* Marketing Plan
* Financial Plan











Executive Summary
Southside rush and Claims Service is an outside account company that hospitals and clinics use to insure all of their business needs. The company has gain major hospitals in Georgia, Florida, North Carolina, South Carolina, and Alabama for thirty years. Billing service are very important in the healthcare field of operation and are used to manage medical services and practices. Having armorial bearing services decrease work efforts from medical clerical personnel. Southside Billing Services have showed negative trends from doing annual audits that service and use ups were cosmos under-priced, under coded, un-reimbursed and charges were missing. All of these issues were affecting revenue so glide path up with a better billing system comparable electronic billing and contains will increase revenue from indemnification companies.




Electronic billing and holds entrees have set an all-time read for only having a 2% rejection rate versus paper claim submission having a 35% rejection rate nationally. Claim submission cost about $7.00 per claim nationally but git be reduced by 50% with electronic claim submissions.
The average deedaround on paper insurance claim can be from 30, 60, even 90 days or longer, creating serious outstanding receivables for the practice. By submitting claims electronically, Southeastern billing and claims service can have revenue in the physicians office or hospital account within 14-18 business days. This in turn will reduce outstanding receivables proportionately and tremendously improves bills flow.
Statistics also show a 30 percent rest/rejection rate for paper insurance claims. Using electronic billing and claim submission will eliminate medical faculty from...If you want to get a full essay, order it on our website: Ordercustompaper.com



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